it would take 10 years of "pre-bates" to a family of 5 to make up the difference over not taxing the purchase of a 200,000 home.
there is no way of moving to a NST without offending many, many people, but i'd still prefer they find a way to do it without having to offer the pre-bate which you do have to register for and still provides for government influence over social planning (head-of-households/marriage/children).
switch to a fair-tax that has no influence over family structures and you've eliminated most of the desire for gays to want marriage "rights".
The imbedded tax on a $200,000 home that you would pay today if you bought that house is @ $50,000
First off, are they buying a new or a used home? If a it's a used home, no tax is paid.
Secondly, how much more money are they taking home each month?
Thirdly, the land underneath the home is not taxed. Only the structure itself is taxed.
Fourthly, this family could save up to buy a home much faster under the NRST.
Fifthly, The FairTax will most likely have a provision that the NRST on a primary home can be paid over the life of the mortgage, similar to how property taxes are paid. This is what the CATO Institute's version of the NRST calls for.
All issues settled???
under the fair tax only new construction would be taxed..buying a home from someone else, a used home, would not be taxed
switch to a fair-tax that has no influence over family structures and you've eliminated most of the desire for gays to want marriage "rights".
As shown at http://www.fairtaxvolunteer.org/smart/faq-main.html#3 the rebate for 2 single people is the same as the rebate for two single people. No social engineering here!!